If you're keeping an eye on the Oahu real estate market, March brought a mix of opportunity, shifting trends, and continued resilience.  Whether you're buying, selling, or simply staying informed, here's a breakdown of what's happening across Oahu real estate right now.

Snapshot:

The market continues to show strength in key areas, with single-family homes gaining momentum while condos present more balanced opportunities for buyers.

Single-Family Homes on Oahu

* Sales jumped 26.2% year-over-year, reaching 260 transactions

* Year-to-date sales are up 10.9%, signaling steady demand

* Median price increased 3.4%, showing modest appreciation

* Homes are still moving quickly, with a median of 21 days on market

* Notably, activity increased across all price points:

* Homes under $1M saw a 31.9% surge in sales

* Luxury homes ($1M+) also climbed, from 137 to 169 sales

What this means: Demand remains strong across entry-level and luxury segments of the Oahu housing market.

Oahu Condo Market

* Condo sales dipped slightly 4.9% year-over-year

* Year-to-date sales are down 3.6%

* Median price rose to $510,000 (+2.0%)

* Condos spent 43 days on market, giving buyers more time to decide

* $700K-$799K condos surged 62.5% in sales

* Almost 50% of condo sales occurred between $300,000-$599,999, highlighting continued demand for more affordable options.

What this means: The condo market is stabilizing, offering buyers more negotiating power and choices.

Housing Opportunities 

* 178 homes sold under $500,000

* 473 sales year-to-date

* 1,138 active listings currently available in this price range

* Inventory & New Listings

* New single-family listings dropped 13.5%

* Condo new listings fell 15.5%

* Single-family inventory remains tight (down 10.6%)

* Condo inventory is nearly unchanged

* Low inventory continues to shape Oahu real estate market, especially for single-family homes.

Buyer & Seller Trends

* Pending sales declined slightly in both markets

* Buyers may be reacting to higher mortgage rates and recent weather disruptions

* Sellers are still seeing strong returns:

* 26% of homes sold above asking price

* Sellers received 98.6% of list price (homes) and 97.3% (condos)

* While buyer activity cooled slightly, sellers are still in a strong position overall.

Summary:

For Buyers:

* More time to evaluate condos and negotiate

* Opportunities in the $300K-$600K range

* Be prepared for competition in lower price tiers

For Sellers:

* Pricing correctly is key as the market normalizes

* Well-presented homes are still selling quickly

* Strong returns are still achievable

The Oahu real estate market in 2026 continues to balance growth with shifting buyer behavior. Single-family homes remain highly competitive, while condos offering more flexibility and opportunity. If you're thinking about buying or selling, understanding these trends can help you make smarter, more confident decisions. If you'd like a personalized strategy for navigating the market, just reply to this email, I'm here to help.